A dictionary entry exploring the concept and applications of the harmonic mean in economics, including comparisons with arithmetic and geometric means.
A detailed examination of the group of 39 countries identified for potential debt relief by international financial institutions based on specific economic criteria.
Understanding Hicks-neutral technical progress, where average and marginal products of all factors increase in the same proportion for given factor proportions.
Money in bank balances or liquid securities which is liable to rapid removal to other countries if the holders suspect that the currency will depreciate.
A comprehensive definition and exploration of the term 'income,' its various types, and implications for individuals with and without financial assets.
An outline explaining the term 'incumbent firm' and its implications in economics, particularly within the context of market dynamics and competitive advantages.
The relations between the management and workforce of an enterprise, particularly bargaining through trade unions concerning various aspects of employment.
The economics term 'inflationary gap' refers to the excess of the actual level of economic activity over the level corresponding to the non-accelerating inflation rate of unemployment, leading to increased inflation.
Injections to the circular flow of income refer to forms of spending that do not originate from current income such as investment spending by firms, government expenditure, and export sales to foreigners.
An informative dictionary entry on the concept of insider dealing, covering its definition, historical context, major analytical frameworks, and related terms.